Securities and Futures Commission

Capital / Liquidity

SFC Finalises Risk Management Guidelines for Futures Brokers

By Sanday Chongo Kabange | 28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

Enforcement

SFC Issues Fine for Trade Surveillance, Record-keeping Failures

By Editors | 22/08/2023

Alert review records were missing for over 14,000 alerts. Client call records were missing for more than 1,000 orders.

Enforcement

SFC Fines Changjiang Corporate Finance for Sponsor Failures

By Editors | 21/08/2023

The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.

Market Infrastructure

Wealth Connect Hindered by ‘Narrow Range of Products’

By Editors | 16/08/2023

Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.

Enforcement

Hong Kong IA Bans Ex-StanChart Agent for Six Months

By Editors | 16/08/2023

The agent doctored a DDA form because the client’s signature was missing on one page. The SFC previously disciplined the same individual.

Crypto / Digital Assets

SFC Grants ‘Approval In-Principle’ to HKVAX for Virtual Asset Trading

By Editors | 14/08/2023

Hong Kong’s SFC grants “in-principle” approval to HKVAX, the first given since the VATP licences granted to HashKey and OSL earlier this month.

Enforcement

SFC, CSRC Agree to Allow Block Trading on Stock Connect

By Editors | 14/08/2023

Block trading will enhance price discovery and encourage more overseas investors to participate in the A-share market through Stock Connect, said the SFC’s Julia Leung.

Enforcement

SFC to Gain Powers to Tackle Insider Dealing with Cross-Border Element

By Manesh Samtani | 08/08/2023

The SFC will be better able to address insider dealing perpetrated in Hong Kong involving overseas-listed securities, and insider dealing perpetrated overseas involving HK-listed securities.

ESG / Sustainability

Hong Kong to Develop Roadmap for ISSB Standards Adoption

By Editors | 08/08/2023

A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.